Excellent Wires IPO GMP, Review, Price, Allotment

Last updated on September 13, 2024

Excellent Wires IPO description – Excellent Wires is a manufacturer of high-quality wire products and packaging solutions. Its product portfolio includes an array of wires, such as Mild Steel Wires (including Annealed, H.B., and H.H.B. variants), Spring Steel Wires, Galvanized Wires (GI Wires), Round Stitching Wires, Spiral Binding Wires, Stainless Steel Wire, Brass Wires, Copper Wires, and Wire Ropes crafted from premium-grade high carbon or stainless steel wire, optionally coated with PVC for enhanced durability and versatility. The company also supplies packaging products such as PP Strapping Rolls and BOPP Self-Adhesive Tapes. Both these categories of products are sold under the ‘Excellent’ brand name.

The company leased a property in Panvel starting from 1st May 2022 including machinery with an installed capacity of 360 MTPA. However, it vacated the property in 2024 and rented a new property next to its original unit in Palghar, Maharashtra. Following the move, the company’s installed capacity at Palghar Unit is 880 MTPA.

As of 31 July 2024, Excellent Wires employed 18 full-time employees.

Promoters of Excellent Wires – Bhavya Vasant Shah, Rachit Paresh Masalia, and Darshil Hasmukh Shah

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Excellent Wires IPO Details

Excellent Wires IPO Dates	11 – 13 September 2024
Excellent Wires Issue Price	INR 90 per share
Fresh issue	14,00,000 shares (INR 12.60 crore)
Offer For Sale	NIL
Total IPO size	14,00,000 shares (INR 12.60 crore)
Minimum bid (lot size)	1,600 shares (INR 1,44,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE Emerge

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Excellent Wires Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	7.29	14.48	15.41
Expenses	7.22	14.34	14.28
Net income	4.73	10.43	82.98

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Excellent Wires Offer News

• Excellent Wires RHP
• Excellent Wires Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• Highest SME IPO Subscription in 2024

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Excellent Wires Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	0.27	0.42	3.32
PE ratio	–	–	27.11
RONW (%)	70.81	60.96	20.90
NAV	0.27	0.69	15.90
EBITDA (%)	2.27	2.89	9.48

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Excellent Wires IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
–	–	–	–

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Excellent Wires IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	6,64,000	6,64,000	13,28,000
13 Sep 2024	8.86	32.00	20.43
12 Sep 2024	0.88	5.94	3.41
11 Sep 2024	0.27	2.00	1.14

The market maker reservation portion of 72,000 shares is not included in the above calculations.

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Excellent Wires IPO Allotment Status

Excellent Wires IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

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Excellent Wires IPO Dates & Listing Performance

IPO Opening Date	11 September 2024
IPO Closing Date	13 September 2024
Finalization of Basis of Allotment	17 September 2024
Initiation of refunds	18 September 2024
Transfer of shares to demat accounts	18 September 2024
IPO Listing Date	19 September 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

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Excellent Wires Offer Lead Manager

INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069
Phone:+91 22 4075 1500
Email: [email protected]
Website: www.inventuremerchantbanker.com

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Excellent Wires Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com

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Excellent Wires Issue Contact Details

EXCELLENT WIRES AND PACKAGING LIMITED
Unit No. 12,13,113 Bldg 2 S. No. 54,
Jay Chamundeshwari Industrial Complex, Naikpada,
Vasai, Palghar, Maharashtra, 401208
Phone: +91 98202 85767
E-mail: [email protected]
Website: www.excellentwiresandpackaging.com

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